Mirait One Board Rejects Shareholder’s Outside Director Proposal Amid Record Growth

An update from Mirait Holdings Corporation ( (JP:1417) ) is now available.

Mirait One Corporation’s board has unanimously decided to oppose a shareholder proposal from Oasis Japan Strategic Fund Y Ltd. to appoint a new outside director who would not sit on the Audit and Supervisory Committee. The board, guided by its Nomination and Compensation Committee of mainly independent directors, concluded that the proposed candidate would not support the group’s sustainable growth or enhance its medium- to long-term corporate value.

The company framed its stance against the proposal within the context of a robust growth trajectory under its Vision 2030 and fifth mid-term plan. Management highlighted record fiscal 2025 results across orders, revenue and profitability, particularly in its high-growth Corporate/Environmental and Social Infrastructure domain, and stressed ongoing efforts to improve capital efficiency, arguing that the current governance and leadership structure are effectively executing its strategy and do not require the proposed change.

More about Mirait Holdings Corporation

Mirait One Corporation, founded in 1946, operates in telecommunications construction and broader social infrastructure, including electrical and civil engineering, water supply and green energy. The group now focuses on two main domains—Telecommunications Infrastructure and Corporate/Environmental and Social Infrastructure—with growth targeted in urban and rural development, corporate DX and GX, green power generation, software and global operations.

Pursuing its Vision 2030 and fifth mid-term plan, Mirait One has repositioned itself as a “Super-Telecom/Construction” player, leveraging partnerships with Seibu Construction and Kokusai Kogyo to deliver full-value infrastructure solutions. The company has posted record orders, revenue and profits in fiscal 2025, driven particularly by strong gains in its Corporate/Environmental and Social Infrastructure domain and improving capital efficiency metrics such as ROE and EPS.

Average Trading Volume: 255,998

Technical Sentiment Signal: Buy

Current Market Cap: Yen341.8B

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